Assets with poor liquidity rise quickly and fall just as quickly. When market funds withdraw, they usually start from the place with the worst liquidity.
For example, the DeFi market in 2020, or the inscription market at the beginning of this year, have experienced similar fluctuations.
Projects with small market capitalization and poor liquidity are more likely to experience violent fluctuations. Once they fall below the key support, the downward range of prices will also increase.
In this market, small-cap currencies such as Rif, Ban, and Luce fell first, followed by Chillguy, Neiro, Pnut and other currencies with a market capitalization of between 600 million and 1 billion, and then Wif.
Looking back on the previous inscription market, I hardly participated, except for picking up an AC and making $500,000. It felt like "cheating your mother". I knew it was going to zero but I was still shipping it.
At that time, I sold it at $7, and it finally fell to $0.5. To be honest, I didn't recommend it publicly, I just asked my men to execute the shipment.
Now, looking back, although I was able to help Brother Bin escape the top Atom at that time, I was deeply involved this time. Although I am not willing to admit that I was wrong, the result is a bit "painful". However, for this position, the overall impact is not great.
